New York
Paramount Divests D.C. Asset for $157M
New York-based Paramount Group, Inc. sold 425 Eye Street, a seven-story, 372,552-square-foot office building in Washington, D.C.’s NoMa submarket for… Read more
St. John’s Terminal to be Reborn as 1.3M SF of Office
Oxford Properties Group has unveiled its plans to redevelop the historic St. John’s Terminal building in Hudson Square into 1.3… Read more
Industry Veteran Harbert Comes to Avison Young
Tri-state industry veteran Joe Harbert has joined Avison Young as director of operations for the Northeast region. In his new… Read more
JV Acquires Blockfront Portfolio Across from Google HQ
Real estate investment firms Dalan Management Associates and Elion Partners have paid $83 million for the 8th Avenue Chelsea Collection,… Read more
City Council Signs Off on Alloy’s 80 Flatbush Plan
The City Council has approved Alloy Development’s full-block project at 80 Flatbush Ave. in downtown Brooklyn, after a 24-month public… Read more
Simone Leases Up Newly-Acquired Bronx Industrial
Attesting to the outer boroughs’ demand for industrial, Simone Development Companies has leased up a Bronx property shortly after acquiring… Read more
Report: Renter Unaffordability Remains Rampant
Apartment List’s recently released 2018 Cost Burden Report offered good news and bad news. First, the good news: Nationally, the… Read more
Todd Sammann Joins CBRE Global Investors to Lead Credit Strategies
CBRE Global Investors expanded its leadership team with the addition of Todd Sammann who joins the Los Angeles-based firm as… Read more
Ranking California: Top U.S. Markets for Development
A total of 101 million square feet of office space is expected to be completed by the year’s end across… Read more
Silvershore Trades 28 Properties to Delshah
Meridian Capital Group has arranged Silvershore Properties’ $101.7-million sale of 28 properties to Delshah Capital, and negotiated $88 million in… Read more
Co-working Tenants Triple Their Share of Manhattan Leasing
Co-working tenants accounted for 12% of the nearly 25 million square feet of Manhattan office leases in the year’s first… Read more
CushWake Sells Retail on Sixth Avenue Corner
Cushman & Wakefield has arranged the sale of 976 Ave. of the Americas, a fully-leased, three-story retail building at the… Read more
East River Park Would be Raised in Revised Flood-Barrier Plan
The de Blasio administration will pursue an alternative design for a two-mile flood barrier along Manhattan’s Lower East Side. Although… Read more
Washington Heights Assemblage Trades for $21M
Ariel Property Advisors facilitated the sale of the West 165th/166th Street block-through assemblage, a rare development site in Northern Manhattan’s… Read more
Q&A with Transwestern’s Stephen Powers: Mission-Focused Nonprofit Real Estate Strategies
By Transwestern’s Stephen Powers Q: What trends are you seeing when it comes to nonprofits regarding their real estate? A:… Read more
City, Port Seek Shift to Barges for Moving Freight
The Port Authority of New York and New Jersey and the New York City Economic Development Corporation have created an… Read more
Two Trees’ Domino Park Wins RPA Plaudit
Regional Plan Association has honored Two Trees Management with the association’s first-ever “Transformative Project of the Year” Award for its… Read more
$8B Hedge Fund Startup Doubles Park Ave. Space
Hedge fund startup ExodusPoint Capital, which had $8 billion in capital at the time of its June launch, is doing… Read more
Pentax Medical HQ Changes Hands in Montvale
Boston-based The Davis Companies has sold the headquarters of R&D firm Pentax Medical at 3 Paragon Dr. in Montvale, NJ… Read more